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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and due from banks $ 5,781 $ 9,357
Interest bearing demand deposits with other banks 39,198 39,129
Total cash and cash equivalents 44,979 48,486
Securities    
Available-for-sale at fair value 79,906 78,212
CRA mutual fund 826 835
Federal Home Loan Bank of Boston stock at cost 4,146 3,813
Loans held-for-sale 669
Loans receivable, net (allowance for loan losses: $7,058 and $6,776) 830,370 801,703
Other real estate owned 667 719
Bank premises and equipment, net 18,197 16,401
Goodwill 13,815 13,815
Intangible assets (net of accumulated amortization: $4,164 and $4,043) 1,716 1,837
Accrued interest receivable 2,704 2,665
Cash surrender value of life insurance policies 14,462 14,381
Deferred taxes 905 677
Other assets 2,241 2,771
Total Assets 1,014,934 986,984
Deposits    
Demand (non-interest bearing) 220,796 220,536
Demand (interest bearing) 146,312 142,575
Money market 185,955 190,953
Savings and other 155,630 144,600
Certificates of deposit 123,144 116,831
Total deposits 831,837 815,495
Repurchase agreements 3,962 1,668
Federal Home Loan Bank of Boston advances 62,480 54,422
Subordinated debt 9,817 9,811
Note payable 305 313
Capital lease liability 3,179 1,835
Accrued interest and other liabilities 5,257 5,926
Total Liabilities 916,837 889,470
Shareholders' Equity    
Common stock - $.10 per share par value; Authorized: 5,000,000; Issued: 2,872,578 and 2,872,578; Outstanding: 2,786,566 and 2,785,216 279 279
Unearned compensation - restricted stock awards (493) (606)
Paid-in capital 43,040 42,998
Retained earnings 55,883 54,664
Accumulated other comprehensive (loss) income, net (612) 179
Total Shareholders' Equity 98,097 97,514
Total Liabilities and Shareholders' Equity $ 1,014,934 $ 986,984